Economies will grow fastest in the world by 2018

New oil fields plus public spending and rising consumption and investment is driving the economic expansion of several countries. At least two of them are expected to grow by more than 8% in 2018. The countries that recover after having gone through hell usually experience a rebound that leads them to grow at a shocking speed. There is a power, which seems unstoppable. A decade has passed since the financial crisis that shook the world unleashed. Why will these countries grow faster? After many hardships, the world economy began to rebound and, although the generation of wealth has been moderate.

Economy

It is the emerging markets and the developing economies that are leading the growth. Those export raw materials. Growth will gather momentum as an investment and private consumption consolidate. Particularly in commodity export, economies the World Bank said in its economic outlook report. When looking at the general outlook for growth for this year forecast by the World Bank, four African countries appear in the lead and one Asian. The list is led by Ghana, Ethiopia, Ivory Coast and Djibouti. Continue reading “Economies will grow fastest in the world by 2018”

Large European economies suspend green energy consumption

Most of the European countries suspend the consumption of green energy. The data from the Euro start community statistics are very clear. In 2016, only 17% of the final energy consumption in the European Union as a whole came from the renewable sector. The figure is not trivial especially if we take into account. The proportion of renewable energy in the final gross consumption of energy is one of the main indicators of the Europe 2020 Strategy. The average of the Twenty-eight must be at 20%.

Large European economies

Now, it is also true that not all countries are at the same level. While the large economies of the region are in the lower half of the ranking, the Nordic Eastern countries lead the top positions. The most outstanding result is of Sweden. More than half of the energy consumption comes from the renewable sector. They followed by Finland, Latvia, Austria and Denmark, all of them above 30%. Other countries that are also in the high band of the table are Estonia, Portugal, Croatia, Lithuania, Romania and Slovenia, where the weight exceeds 20%. Continue reading “Large European economies suspend green energy consumption”